The conventional wisdom in tech is that it’s better to overspend than miss out on a blockbuster hit. Of course, Big Tech’s investors hate when their companies overdo it. They showed that through their sell-off of Alphabet Inc. last week when it said it would lavish more cash than expected on artificial intelligence, and again with their drubbing of Meta Platforms Inc. shares when it stated much th
Technology Bloomberg Jul 30, 2026
